The global Skincare Devices Market size is expected to reach
USD 34.3 billion By 2030, registering a CAGR of 11.9%, according to a new
report by Grand View Research, Inc., An increasing number of skin-related
disorders such as cancer and assorted disorders are likely to increase the
adoption rate of these devices.
Rising use of home-care products and growing medical
spa treatments are some of the key trends stimulating market growth. Some of
the key factors that are driving growth are technological advancements, growing
appearance consciousness, and rising disposable income.
Growing awareness regarding the benefits of skin
rejuvenation amongst patients, rising demand for aesthetics, and increasing
incidence of skin disorders are among the primary growth stimulants. Syneron
Medical, a U.S.-based company, is one of the biggest players in the skin
rejuvenation market. Its product is known as VelaSmooth which has been approved
by the U.S. FDA.
The market is projected to witness significant growth
over the forecast period, owing to the rising prevalence of skin diseases.
Technological advancements, extremely effective devices, and increasing
acceptance of these devices as they are non-invasive, are some of the factors
escalating the growth of the market.
Furthermore, surging demand for processes such as
liposuction, body contouring, skin rejuvenation, and tightening is anticipated
to accelerate the growth of the market. However, equipment cost and competitive
pricing are limiting the market from realizing its utmost potential.
Related Press Release@ Skincare Devices Market Report
Skincare Devices Market Report
Highlights
- Cellulite reduction was the largest segment in 2014 owing to its
wide acceptance and usage globally
- The body contouring and skin tightening segment is expected to
witness the fastest growth over the forecast period due to the rising
demand for aesthetic procedures
- North America was the largest region in 2016 owing to technological
advancements, well-established infrastructure, and the presence of high-income
buyers
- Asia Pacific is likely to be the fastest-growing region owing to
the availability of cost-effective devices and rising disposable income
- Some of the prominent players of the market are Syneron Medical
Ltd; Philips; Solta Medical Inc.; Alma Lasers Ltd; Schick Medical; Lumenis
Ltd.; and PhotoMedex. The key players are engaging in different marketing
strategies to increase their market shares.
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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